Yext has secured a $200 million senior secured term loan from BlackRock, a move aimed at supporting the company’s growth and strategic initiatives. This new debt facility will enable Yext to pursue market expansion and acquisitions.
The facility replaces Yext’s previous revolving credit facility with Silicon Valley Bank, which was set to expire at the end of 2025. This transition provides Yext with greater financial flexibility and access to capital, allowing the company to optimize its debt structure and capitalize on favorable market conditions.
Yext is a digital presence platform that helps multi-location brands manage their online information and customer experiences. It ensures that businesses have consistent and accurate information across various digital channels, including SEO, websites and social media. Yext also aids in reputation management, helping brands engage customers effectively.
